$6,174 Closing Credit*
$519,950
2,830 SqFt
5 Beds
•3 Full Baths
Vladimir Oulianov, Listing Office: Woods Bros Realty
Is Lancaster, NE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lancaster was a Neutral Market.
Key Takeaway
Lancaster is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lancaster, NE
How much do homes in Lancaster, NE cost?
Median Sold Price
$572,500
$216/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$76,222(-11.7%)
Key Takeaway
Homes in Lancaster have sold for 11.7% less than they did a month ago.
Summary: The median home sold price in Lancaster was $572,500 in October 2024, down 11.7% from last month, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $416.6K | $510K | +22.4% |
| 4 Bedrooms | $749K | $682.5K | -8.9% |
| 5+ Bedrooms | $648.7K | $505.7K | -22.0% |
Summary: Lancaster housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 22.4%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes decreased by 22%.
Median Sold Price Compared To Nearby Cities
| Lincoln | $299.2K | $289.5K | -3.3% |
| Lancaster | $648.7K | $572.5K | -11.7% |
Housing Supply in Lancaster, NE
How many homes are available in Lancaster, NE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 62 | +17.0% |
Summary: The Lancaster real estate market had 62 homes for sale in October 2024, a 17.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 27 | 31 | +14.8% |
| 5+ Bedrooms | 17 | 23 | +35.3% |
Summary: The Lancaster housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 35.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lancaster, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Lancaster in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Lancaster, NE
How long does it take to sell a home in Lancaster, NE?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 88 Days | +106.3% |
Summary: Homes in Lancaster had an average of 88 days on market in Oct 2024, up by 106.3% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lancaster are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Lancaster; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.